MetroWest Commercial to conduct online auction August 31st at 11 a.m.
Metrowest Commercial Real Estate, LLC has been authorized by the owner and lender to conduct an online auction of 1001 Worcester Rd., a Rte. 9 office building on August 31st. The online auction will be held from 11 a.m. to 3 p.m. The web site for this live auction is MetrowestCREAuction.com/Route9
The 6,633 s/f free-standing building is located between Mass Pike exits 12 and 13. The minimum bid price at auction is $565,000.
You do not have to be registered to watch the bidding. The building will be open for inspection at times to be announced prior to the day of sale.
Eric Brosler, president of MetroWest said, "Auctions are quickly proving to be an efficient and effective way to sell commercial property in a market where creating urgency is sometimes challenging."
"A number of brokers around the country have had great success with online auctions so we've signed on to help our clients quickly sell their properties at full market value," said Marlene Aron, senior broker of Metrowest.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.